Principal Financial Group Inc. Makes New $289,000 Investment in iShares MBS ETF (NASDAQ:MBB)

Principal Financial Group Inc. acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,021 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in iShares MBS ETF by 2.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 85,698 shares of the company’s stock valued at $8,189,000 after acquiring an additional 1,694 shares during the period. Bush Investment Group LLC boosted its holdings in shares of iShares MBS ETF by 5.0% in the third quarter. Bush Investment Group LLC now owns 12,712 shares of the company’s stock worth $1,218,000 after buying an additional 603 shares during the last quarter. Franklin Resources Inc. grew its position in iShares MBS ETF by 1.4% during the third quarter. Franklin Resources Inc. now owns 296,709 shares of the company’s stock valued at $27,941,000 after buying an additional 4,068 shares during the period. Synovus Financial Corp increased its holdings in iShares MBS ETF by 13.8% during the third quarter. Synovus Financial Corp now owns 15,570 shares of the company’s stock valued at $1,492,000 after buying an additional 1,894 shares during the last quarter. Finally, Tidal Investments LLC raised its position in iShares MBS ETF by 3.1% in the third quarter. Tidal Investments LLC now owns 13,029 shares of the company’s stock worth $1,244,000 after acquiring an additional 389 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1 %

Shares of iShares MBS ETF stock opened at $91.38 on Tuesday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The company’s fifty day simple moving average is $92.54 and its 200-day simple moving average is $93.66.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares MBS ETF Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).